602 1St StTybee Island, GA 31328

Property Details for 602 1St St

Year built

1898

Lot size

0.30 AC

Property size (Sq ft)

2,262 SF

Zone code

C2A

Property type

Office buildings

APN

4-0003 -07-003

APU

4000307003

Description

This exceptional 2,262 square foot single-tenant office building, located at 602 1st St, Tybee Island, GA 31328, presents a unique investment opportunity. Built in 2002, this Class B property sits on 0.3 acres and is zoned C-2, allowing for a variety of uses. The building features a flexible layout suitable for retail, medical, office, or restaurant operations. The entire 2,262 square feet is currently vacant, offering immediate occupancy. The property includes a convenient private parking lot. The building is a single-story structure, offering easy accessibility. Located in a highly desirable area, this property is just minutes from shopping, dining, and residential neighborhoods. The asking rent is $7,950 per month, NNN. Lease terms are negotiable. The property's versatility and prime location make it an ideal choice for a variety of businesses seeking a prominent presence in Tybee Island. Serious inquiries are encouraged to explore the potential of this exceptional commercial property.

• CAP approach

  CAP return

  Valuation

  6%

  $468,718

  6.5%

  $432,663

  7%

  $401,758

• Comparable approach

  Method

  Valuation

  Relative Method

  $202,221

  Geo Method

  $153,839

• Alternative Use

  Use

  Valuation

  Residential

  $536,502

  Hospitality

  $491,433

  Educational

  $408,866

  Medical

  $422,928

  Retail

  $636,014

Location Insight

City

Tybee Island

County

Chatham

State

Georgia

Latitude

32.0133

Longitude

-80.8453

CBSA code

42340

CBSA name

SAVANNAH, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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